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Monday Market Movement -- HUGE Data Week

Phil Davis | Posted 11.23.2015 | Business
Phil Davis

We have, essentially, a 3-day week this week and don't expect people to stick around on Wednesday either and Friday being a half-day is a joke as it's dead as a doornail on Thanksgiving Fridays. Overall trading with be thin, which means all market action should be taken with a grain of salt and, unfortunately, we get revised GDP tomorrow morning -- which is very important.

Wednesday Reversal: G20 Hopes Trump Bad Data

Phil Davis | Posted 11.11.2015 | Business
Phil Davis

More bad news from Japan and China.   Industrial Production in China was once again revised lower - to 5.6% Growth from 5.7% in September w...

Triple-Top Tuesday - 2,100 and Bust Again on S&P 500?

Phil Davis | Posted 11.03.2015 | Business
Phil Davis

Here we go again!   Yet another low-volume, BS rally takes us back to the "breakout" level of S&P 2,100 and we get moves like...

The Real Worth of a Professional Financial Planner

David Rae | Posted 10.28.2015 | Business
David Rae

Time to face facts: You can't control what the stock market does day to day or even year over year. But what you can control as an investor are your financial attitude and behavior. One simple way to improve your fiscal behavior, is to work with a qualified financial planner.

Wednesday Worries: Will a Surprise Fed Rate Hike Spook the Markets?

Phil Davis | Posted 10.28.2015 | Business
Phil Davis

I'm still the only one expecting this. The markets are near record highs, China has a 6.9% GDP (our less than exciting GDP report comes out ...

Tricky Tuesday -- More China Easing Spooks the Bears

Phil Davis | Posted 10.27.2015 | Business
Phil Davis

Oh this is so ridiculous! After opening down 200 points (1%) the PBOC boosted the Chinese markets with yet another announcement of easing monetary policy.

Monday Morning Market Notes: Mapping the Week Ahead

Phil Davis | Posted 10.26.2015 | Business
Phil Davis

Not much reaction to China's rate cut on Friday:  Up 0.5% after a surprise rate cut on Friday when we're still 35% off the hig...

Technical Tuesday -- Failure at 2,035 on the S&P

Phil Davis | Posted 10.20.2015 | Business
Phil Davis

Wheeeeee, what fun!   As noted in our Weekend Portfolio Review, we are in CASH!!! so we really don't give a crap which way the market g...

Thursday Fakery - Rupert's Pet Hilsenrath Saves His Portfolio

Phil Davis | Posted 10.15.2015 | Business
Phil Davis

That $5Bn Rupert Murdoch Spent for the Wall Street Journal is really paying off!   It's a significant portion of Uncle Rupert's $12...

Will We Hold It Wednesday: S&P 2,000 Edition (Again)

Phil Davis | Posted 10.14.2015 | Business
Phil Davis

Well, we've seen this movie before.   I'd say "I told you so" but that's getting boring and, after all, the headline ...

Monday Market Preview: Earnings Season Begins

Phil Davis | Posted 10.12.2015 | Business
Phil Davis

Well, at least the expectations are low now. As you can see from the chart on the right, earnings have been revised down 30% in the past week (f...

Earnings Iceberg Dead Ahead!

Phil Davis | Posted 10.09.2015 | Business
Phil Davis

Wow, what a rally! Yeah, yeah - go markets, BUYBUYBUY!!!  OK, now that we have that out of our system, how about we take a deep breath and ...

Will We Hold it Wednesday: S&P 2,000 Edition

Phil Davis | Posted 10.07.2015 | Business
Phil Davis

"Look for the big W." It's the plot of "A Mad, Mad, World" and also the chart pattern we're getting as the S&P 5...

Technical Tuesday -- Failure at the 50 DMA

Phil Davis | Posted 10.06.2015 | Business
Phil Davis

Here we are again.   It was only Friday afternoon that we were predicting we'd bounce to our strong bounce lines and then test the...

Fedapalooza Friday: 6 Fed Speakers Flap the Markets

Phil Davis | Posted 10.02.2015 | Business
Phil Davis

What are these people so terrified of? Clearly the markets are not allowed to have even a normal correction before the Central Banksters le...

Window Dressing Wednesday: Don't be Fooled by False Profits!

Phil Davis | Posted 09.30.2015 | Business
Phil Davis

So many things to talk about today.   None of it really matters as it's the last day of the month and windows have to be dressed and al...

Monday Market Movement: Make or Break for the Nasdaq

Phil Davis | Posted 09.21.2015 | Business
Phil Davis

Sometimes, you hit a critical point in the markets. This week, the Nasdaq, which is the only index we have that hasn't had a death cross, ha...

Trickle Down Failure Leads to Anarchy in the UK - Who's Next?

Phil Davis | Posted 09.14.2015 | Business
Phil Davis

You can ignore it if it makes you feel better but at least take these signs seriously and take what the media says with a grain of salt - guys who have billions of dollars are simply not going to tell you their assets are 20% over-valued, are they?

Thrilling Thursday: The Wild Market Ride Continues

Phil Davis | Posted 09.10.2015 | Business
Phil Davis

We're in cash, so we don't care. That's right, remember how we cashed out last week and how we had those disaster hedges in Friday m...

Hedging for Disaster - 3 Ways to Save Your Assets in a Market Collapse

Phil Davis | Posted 09.04.2015 | Business
Phil Davis

I sent out Alerts this morning that we will be cashing out our main Virtual Tracking Portfolios ahead of what we consider market conditions that are simply too unsafe to hold large, bullish positions in.

Who Are the Suckers?

Daniel P. Collins | Posted 08.26.2015 | Business
Daniel P. Collins

On the face of it there was nothing extraordinary about various market experts expressing bearish opinions on the market.

The Amazing Harbinger of the Dow's 531-Point Slide, August 21, 2015

Timothy J. Barnett | Posted 08.26.2015 | Business
Timothy J. Barnett

How could a stunning one-day decline in a 2,000 point index be projected within 2 points of the 1971.89 close? How could the Dow's ninth largest point decline ever, and largest point decline since August 8, 2011, be projected within one percent?

With China on the Ropes, Oil Plunging, Markets in Free Fall, How Do I Play Equities Now?

James Marshall Crotty | Posted 08.24.2015 | Politics
James Marshall Crotty

Friends often ask me, on huge down market days like Friday, what I think of equities moving forward. While I have earned decent long-term returns from Apple, several ETFs, and from trading around volatile names like Twitter, I don't give financial advice for a living.

S&P Faces Critical Test at 2,060 -- Will China Save Us?

Phil Davis | Posted 08.20.2015 | Business
Phil Davis

Here we go again! The S&P Futures are re-testing that 2,060 level, which is 20 points below the 200-day moving average and, more importantly, 35...

China Down Another 6 Percent and U.S. Earnings Smell Like BS

Phil Davis | Posted 08.18.2015 | Business
Phil Davis

China has taken extraordinary measures to prop up the market yet they are already failing and once again we are rapidly approaching another test of the 200-day moving average.